This property looks like a bad Long-Term investment with a projected -1.84% first-year return on $58,065 initial cash invested.
-1.84%
Cash On Cash
6.71%
Cap Rate
1.02
DSCR
$2,323
Rent
-$89
Cashflow
Cash Flow
$2,323 income − $2,412 expenses = $89 out of pocket
Investment Breakdown
|
Purchase Price
$277k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,065
Downpayment
20%
$55,300
Closing costs
1%
$2,765
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,323
Total Expenses
$2,412
Mortgage P&I
65%
$1,519
Property Taxes
8%
$176
Home Insurance
5%
$114
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0